Apply for a Mortgage Online!

Posted on July 19, 2017

Categories: Mortgages, Online Services, Personal Finances

Who knew applying for a mortgage was now as easy as 1-2-3? With Fairfax State Savings Bank’s new online application, taking the first step toward your new home has next been simpler. All you have to do is follow these three steps, and you’ll know whether you’ve been approved quicker than ever before.

The Argument for a Monthly Money Meeting

Posted on June 14, 2017

Categories: Budgeting, Personal Finances, Savings

Whether you’re recently married, or you’re approaching your 30th anniversary, you know that money can be a topic of controversy among couples and families. Even in the most perfect relationships hardships happen, and decisions have to be made. At Fairfax State Savings Bank, we think there is a helpful and long term tool that can help you have less conflict and more compromises while contemplating both goals and solutions. The answer is relatively simple, talk it out, however, the...

How to Save $1,000,000 for Retirement

Posted on June 7, 2017

Categories: Personal Finances, Retirement, Savings

Retirement, 401(k), stocks and bonds, the subject matter of saving for the long term isn’t often as appealing as saving for the short term. Perhaps that’s why nearly three-quarters of Americans are underestimating how much they’ll need for retirement. The United States is on the brink, if not already in, a retirement crisis. However, at Fairfax State Savings Bank we believe retirement saving can still be easily accomplished, there are just a few steps to get started:

Why Checking Your Credit Score Matters

Posted on May 31, 2017

Categories: Financial Education, Personal Finances

Across television ads, online banners, and even chit-chat among relatives, the phrase, “Check your credit score,” seems to be popping up everywhere. If something so important needs constant reminders, why does it have such a key importance in your personal finances? Well, the truth is that it doesn’t, your financial actions do.

Who Says You Can’t Make a Snowball in the Spring?

Posted on May 24, 2017

Categories: Budgeting, Financial Education, Personal Finances, Savings

While the weather can be as predictable as the Powerball, one thing that you can always count on through the seasons is your ability to snowball anytime you want. However, before you start creating snowmen out of ice shavings, let’s first cover what a snowball is. Typically in financial terms, snowballing is an action in which you structure your debt payment to decrease the overall time and cost associated with any accounts payable you have.

5 Affordable Summer Vacations

Posted on May 17, 2017

Categories: Budgeting, Personal Finances, Seasonal

One of the best things summer brings, aside from the beautiful weather, is time to enjoy with your family. Whether that’s planning a fun weekend adventure, or carving out a week to go exploring, your kids are sure to remember these getaways for decades to come. After years of trial and error, we’ve discovered some ideal destinations where you can stay in budget while enjoying all the perks of your family’s time away.

Red Flags to Look for on Your Credit Score

Posted on April 26, 2017

Categories: Financial Education, Personal Finances

Everyone and their brother seems to be sharing the importance of checking your credit score, but once you have the information, how do you actually know what it means? At Fairfax State Savings Bank, we want you to not only have the information about your personal finances but be able to understand and act upon it as well. If you see any of the following red flags while viewing your report, you may want to look into the appropriate remedies as quickly as possible.

Nature v. Nurture: The Psychology of Spending

Posted on April 6, 2017

Categories: Financial Education, Personal Finances, Savings

If you’ve ever taken Psychology 101, you’ve probably heard the argument for nature v. nurture. In this multi-century discussion, psychologists have debated whether a person’s genetics or environment make a greater impact their personal behavior. At Fairfax State Savings Bank we’re excited to share our take on this timeless debate, and share how nature and nurture affect your spending habits.

Tax Beneficial Accounts You Need to Use

Posted on March 22, 2017

Categories: Personal Finances, Savings

One of the most proactive ways you can protect your personal finances is to take advantage of tax beneficial accounts such as an HSA, 401(k) and IRA. Though these accounts are typically tied to retirement savings, this is not always the case. At Fairfax State Savings Bank we want to help you make the most of your money, by offering these three account options:

How to Save for Retirement at Every Age

Posted on March 15, 2017